Timothy Sumer

Taxes on Brokerage Account - Have you ever wondered about a brokerage account taxes and had questions about your taxable brokerage account? If you have a brokerage account and asked what are the tax benefits from a brokerage account, you would benefit from Understanding Your Options. Having Tax Strategies can be a part of retirement planning . Most have a goal of retiring comfortably and if you secure your retirement this video is a must watch. #TaxesonBrokerageAccount #Retirementplanning #Secureyourretirement To get more retirement tips visit www.POMwealth.net/blog and register for the free online Master Class - 3 Keys To Secure Your Retirement Listen to our podcast "Secure Your Retirement" 🔴 Subscribe for more content on YouTube: 😀 Say hi on social: Facebook: Instagram: LinkedIn: ... ( read more ) LEARN MORE ABOUT: IRA Accounts CONVERTING IRA TO GOLD: Gold IRA Account CONVERTING IRA TO SILVER: Silver IRA Acc...

This video talks about what we can do so we don’t depend on SSS and GSIS pension alone when we retire. Retirement planning should be a priority in the Philippines because government pension from SSS and GSIS is simply not enough to support even just the basic needs of Filipino retirees.... ( read more ) LEARN MORE ABOUT: Retirement Pension Plans REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing The Social Security System (SSS) and Government Service Insurance System (GSIS) are two institutions in the Philippines that provide pension benefits for retired individuals. However, in recent years, many retirees have found that their SSS and GSIS pensions are not enough to sustain their daily living expenses. This has raised concerns about retirement planning in the Philippines and the need for individuals to take proactive steps to secure their financial future. One of ...

Social Security Survivor Benefits 101 covers the basics that everyone should know about the Social Security Survivors Benefit. This video covers three different scenarios: what the survivor receives if their spouse never filed for Social Security, what they receive if their spouse filed for Social Security at Full Retirement Age (FRA) and what they receive it their spouse filed for Social Security before full retirement age. Shown below is the survivor payment "haircut" schedule discussed in the video. Note this is current as of 2020. Survivor's Age - % of Deceased FRA Payment Age 50-59* - 71.50% Age 60 - 71.50% Age 61 - 75.58% Age 62 - 79.65% Age 63 - 83.72% Age 64 - 87.79% Age 65 - 91.86% Age 66 - 95.93% Full Retirement Age and Beyond - 100% * This applies to those who are disabled only Important Links: Federal Reserve Board Survey of Consumer Finances: Social Security Administration Application for Benefits Current Social Securi...

Retirement Income Strategy for 61 Year Old With $1,200,000 || Social Security & Roth IRA Conversion Buy Our Book: In this video I want to go through a Retirement Income Strategy for a 61 year old with $1,200,000 in retirement savings and retirement investments. In this retirement strategy, the couple is asking "Can I Retire", but also asking, "when should we collect our social security benefits," and "what about taxes?" Social Security benefits claiming strategies ( are essential to anyone's retirement planning and need to be carefully planned out. TAXES are also a HUGE component to a retirement planning strategy and need even more attention than Social Security ( Retirement income strategies and retirement income planning are two big pieces to anyones retirement planning calculator. Whether you are wanting to know strategies for " retirement planning at 30", " retirement planning at 40", " retirement pl...

Conventional planning suggests you should not take your Social Security at 62...however, if you know the ins & outs and check the numbers, it may be beneficial. In this video I discuss 5 reasons you may want to take your Social Security at age 62. Watch my FREE Masterclass on Retirement Preparedness Watch now 👉 ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ WANT MY BOOK FOR FREE? Click below to download the Social Security chapter of my book for FREE 📖 👉 ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ 🔴 SUBSCRIBE for more FREE tips ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ 🤝 BECOME OUR CLIENT: It only takes 2 steps ➡️ 1. Watch our free (60min) Masterclass. 2. Once you watch the video you will be prompted to apply to become our client ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Topics Discussed: ● The importance of your spouse collecting ● Disability benefits ● Survivor benefits ● Utilizing different strategies ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Check out my most popular videos: Costly 401k...

Can you have too much money in your 401(k)? Yes. Your contributions to your 401(k) are pre-tax dollars and when you take it out down the road, your tax rate will likely higher than it is today. So you don't want to over-fund this retirement account . 💰FREE Tax-Free Toolkit: ✅ Find a Power of Zero Advisor: ➡️ Learn How To Become a Power of Zero Advisor: ✔️ Listen to the Podcast - 🔹 Connect With Us 🔹 Twitter -@mcknightandco #taxfreeretirement... ( read more ) LEARN MORE ABOUT: 401k Plans REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing Is $1M in Your 401k TOO Much? As retirement planning becomes increasingly important, many individuals strive to accumulate a significant sum of money in their retirement accounts. The gold standard for many years has been reaching a million-dollar balance in one's 401k accoun...

In this video I discuss some of the key ages and milestones that you will encounter as you plan for your retirement. This is a deeper dive than some of my other videos. Be sure to watch to the end, where I really get into some specific retirement planning strategies. Thank you for watching! Please subscribe to our channel if you like the content. retirement planning can seem overwhelming, and it's hard to know where to start. I am passionate about retirement planning and financial Education! Here are a few ways that we might be able to help; 1. Watch our free educational videos here on our YouTube Channel 2. Like the Money Evolution Facebook Page. Additional investment and retirement planning content, including Live Stream Market, updates not on the YouTube Channel. 3. The Retirement Time Machine online course! Over 13 hours of instructional video and dozens of forms and worksheets to help you learn How to Optimize Your Financial Resources and Create a More C...

In this interview with Mark Byelich, we discuss if congress will get rid of the Roth IRA, who's responsible for the national debt, and why the US will experience financial calamity by 2030. 💰FREE Tax-Free Toolkit: ✅ Find a Power of Zero Advisor: ➡️ Learn How To Become a Power of Zero Advisor: ✔️ Listen to the Podcast - 🔹 Connect With Us 🔹 Twitter -@mcknightandco #taxfreeretirement... ( read more ) LEARN MORE ABOUT: IRA Accounts TRANSFER IRA TO GOLD: Gold IRA Account TRANSFER IRA TO SILVER: Silver IRA Account REVEALED: Best Gold Backed IRA In recent months, there has been growing concern among some Americans that Congress may be considering getting rid of the Roth IRA. The Roth IRA, which was first introduced in 1998, has become a popular investment vehicle for Americans who want to save for their retirement. It allows individuals to contribute after-tax dollars and their earnings grow t...

How do you compare to your neighbors when it comes to investments? This video discusses the average 401k balance by age 65, both by mean and median. I also reveal the number of 401k millionaires in the United States! ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Watch my FREE Masterclass on Retirement Preparedness Click here to watch now for free 👉 ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ WANT MY BOOK FOR FREE? Click below to download the Social Security chapter of my book for FREE 📖 👉 ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ 🔴 SUBSCRIBE for more FREE tips 👇 ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Topics Discussed: ● 0:00 How do I compare to my neighbor? ● 0:39 How do I enjoy the journey of retirement? ● 1:54 How to retire with $300,000 in investment assets? ● 2:45 I have $3 Million in investment assets but I am not fulfilled in retirement, why? ● 6:48 How many people contribute to their employer offered 401k plan? ● 8:52 What is the average and median 401k b...

I'm going to teach you how to transform a 1 million dollar inheritance into a tax-free asset. Although many inheritances are naturally tax-free, that asset will become a tax burden as it grows in value during your lifetime. The solution calls for 5 different strategies: -Pay for the taxes on your Roth conversion -Max out your Roth 401(k) for you and your spouse -Fully fund your Roth IRA's -If already retired, pay for your lifestyle in order to lower the tax rate on your Roth Conversion -Contribute money to a life insurance retirement plan. Watch me go into depth on each of these strategies in this video. ✅ Learn More: ➡️ FREE Video Series: ✔️ Listen to the Podcast - 🔹 Connect With Us 🔹 Twitter -@mcknightandco... ( read more ) LEARN MORE ABOUT: IRA Accounts TRANSFER IRA TO GOLD: Gold IRA Account TRANSFER IRA TO SILVER: Silver IRA Account REVEALED: Best Gold Backed IRA Inheriting $1 million is ...

IN THIS EPISODE, STAN THE ANNUITY MAN AND DANA ANSPACH DISCUSS: Juicing your retirement money How can you know if you’re “retirement-ready” What are some things you have to consider when setting up your retirement plan The four percent rule KEY TAKEAWAYS: Don’t underestimate what more you can juice from your retirement plan. You might very well end up with hundreds of thousands of dollars by the end of it. You need to know what the risk factors are in the decumulation phase. Calculating the bigger picture of your retirement will help you make decisions that increase your probability of success and have peace of mind in the future. Reality is that you can’t spend just a solid percentage in your retirement fund, there are circumstances that would have to be account...

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